Ripple forecast & technical analysis October 16, 2018


Ripple XRP/USD traded at 0.4286 and continue to move as part of growth. The capitalization of cryptocurrency at the time of the publication of the forecast is $17 757 623 821. At the moment, we should expect an attempt to test the support level near 0.3805 and continue the growth of cryptocurrency in the area above the level of 0.5100.

Ripple forecast & technical analysis October 16, 2018

In favor of the growth of XRP/USD quotes, there is a test of a broken trend line on the relative strength index (RSI). Cancellation of the cryptocurrency growth option will be the fall and close of quotes below the level of 0.3100, which will indicate breakdown of the lower boundary of the channel and the continuation of the fall of XRP/USD to the area below the level of 0.2500. With the breakdown of the upper boundary of the channel and closing above the level of 0.5250, we should expect confirmation of the development of growth in the Ripple.

Ripple forecast & technical analysis October 16, 2018

Ripple forecast & technical analysis October 16, 2018 suggests an attempt to test the support level near 0.3805, from which we can expect continued growth of cryptocurrency with a potential target of 0.5100, a test in favor of the Ripple growth will be a test of the trend line on the indicator of relative strength index (RSI), cancellation growth of quotations will fall and the breakdown of the area of ​​0.3100, in this case, we should expect further development of the downward trend in digital currency.


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